MDU Resources Group, Inc. (NYSE:MDU) Holdings Reduced by Bleakley Financial Group LLC

Bleakley Financial Group LLC decreased its position in MDU Resources Group, Inc. (NYSE:MDU) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 149,932 shares of the utilities provider’s stock after selling 5,275 shares during the period. Bleakley Financial Group LLC’s holdings in MDU Resources Group were worth $3,778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MDU. TFO Wealth Partners LLC grew its position in MDU Resources Group by 16,070.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,617 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 1,607 shares during the last quarter. Planned Solutions Inc. acquired a new stake in shares of MDU Resources Group in the 4th quarter worth approximately $66,000. Tompkins Financial Corp lifted its stake in shares of MDU Resources Group by 22.2% in the 1st quarter. Tompkins Financial Corp now owns 4,404 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 800 shares during the period. Mendota Financial Group LLC lifted its stake in shares of MDU Resources Group by 32.9% in the 1st quarter. Mendota Financial Group LLC now owns 5,920 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 1,465 shares during the period. Finally, Anchor Investment Management LLC acquired a new stake in shares of MDU Resources Group in the 4th quarter worth approximately $178,000. Institutional investors own 71.44% of the company’s stock.

Insider Buying and Selling at MDU Resources Group

In related news, insider Rob L. Johnson acquired 36,291 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $25.46 per share, for a total transaction of $923,968.86. Following the purchase, the insider now owns 41,934 shares in the company, valued at $1,067,639.64. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

MDU has been the subject of a number of research analyst reports. StockNews.com raised shares of MDU Resources Group from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Argus raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Monday, May 20th.

MDU Resources Group Trading Down 1.0 %

Shares of MDU stock traded down $0.26 during trading hours on Wednesday, reaching $25.92. 955,085 shares of the stock traded hands, compared to its average volume of 1,228,328. MDU Resources Group, Inc. has a 1-year low of $18.04 and a 1-year high of $26.53. The business has a fifty day moving average price of $25.09 and a 200 day moving average price of $23.10. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $5.28 billion, a PE ratio of 11.14, a PEG ratio of 2.74 and a beta of 0.77.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. MDU Resources Group had a net margin of 10.74% and a return on equity of 11.42%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business earned $0.23 earnings per share. The firm’s revenue was down 15.1% compared to the same quarter last year. On average, equities research analysts forecast that MDU Resources Group, Inc. will post 1.55 EPS for the current year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 13th were paid a $0.125 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.50 annualized dividend and a yield of 1.93%. MDU Resources Group’s dividend payout ratio is presently 21.37%.

About MDU Resources Group

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.